Matson decreasing fuel surcharge by 3.5 percentage points

HONOLULU (HawaiiNewsNow) -

As a result of recent moderation in bunker fuel prices, Matson announced Tuesday that it is decreasing its fuel related surcharge by 3.5 percentage points, from 43.5 percent to 40 percent for its Hawaii service and from 40 percent to 36.5 percent for its Guam/CNMI and Micronesia services, effective this Sunday, March 17.

"We are pleased to make this downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $80 to $140 per container," said Dave Hoppes, senior vice president, ocean services. "We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our Hawaii and Guam services."

Matson's last adjustment to its fuel surcharge was an increase of 4.5 percentage points, effective October 7, 2012. That followed two consecutive decreases in June and July of 2012 which totaled 6.5 percentage points.